Nick Huber, Sweaty Startup // Deep Inside The Real Estate Game + The Philosophy Of What Matters


🤝 Who is Nick Huber?

Nick Huber is a real estate entrepreneur, self-storage owner & operator.

His commercial real estate portfolio is approaching $30mil in assets (as of 2021) & he’s built a name for himself by championing “sweaty startups” aka unsexy businesses.

Nick has built a 100k following on Twitter by transparently sharing the lessons learned from his time in business & by simplifying concepts in the real estate game.

Let us know what you think on Twitter: @bzaidi & @sweatystartup


🧠 What You’ll Learn From This Convo:

After listening to part 1, you’ll understand:

– the equation for getting wealthy in the real estate game

– the difference between creating vs growing wealth

– categories of real estate beyond what 99% of people invest in, from self storage, to cemeteries & tiny homes – you’ll learn about niche opportunities with less competition

– how real estate investors can make millions & legally pay little in taxes with depreciation, bonus depreciation & 1031 exchanges

– Nick’s unique approach to finding upside from day one in commercial real estate

– why 100% occupancy rates aren’t always a good thing & what Nick looks for in deals

In part 2, “behind the mind” (starting at 47min) Nick & Bilal discuss:

– tribes, relationships & what truly matters in life
– growing up, dealing with bullying & insecurities
– choosing who you compete with
– unique ways to connect with aging parents
– why having kids is underrated & the importance of a supportive spouse

Feb 22nd Update: If you enjoyed this convo, Nick launched a course where he shares a lot more detail on all things real estate investing, you can find more info here.


⏳Time Stamps (YouTube)

00:00:00 Intro
00:02:51 Who is Nick Huber?
00:10:10 What is a Cash-Out Refinance?
00:12:36 Growing Up in a Small, Rural Town
00:13:38 Having A Chip on Your Shoulder
00:17:38 Building vs Growing Wealth
00:19:41 Alpha vs Beta In Real Estate
00:20:12 Initial 700k Nest Egg
00:24:13 Initial Investment – Rule Of Thumb
00:26:35 Real Estate Investing On The Side
00:28:34 Nick’s Real Estate Framework
00:33:05 100% Occupancy Isn’t Always Good
00:35:55 Zero Income Tax With Depreciation & 1031 Exchanges
00:43:32 Conservation Easement
00:45:45 Real Estate Professional Status
00:47:02 Capital Gains

00:47:42 Part 2: Behind The Mind
00:50:12 Is Chasing Your Passions A Bad Idea?
00:54:45 “I Wanted To Call My Mother And Cry In Her Arms”
00:58:30 Giving Up Is Often The Best Choice There Is
01:00:48 Miami & Austin
01:01:58 “Nobody Cares About You Apart from A Handful Of People”
01:04:33 Google Maps Trick – Connecting With Parents
01:06:30 Dad’s Twitter Post Went Viral
01:08:52 Having Kids is Underrated
01:11:39 The Tribe Makes The Place
01:14:14 Virtual Communities
01:18:58 Dealing With Bullying + Racism
01:22:53 The Importance Of A Supportive Spouse
01:24:54 Advice For A Successful Relationship
01:27:23 Being An Opportunist
01:30:32 Wrap-Up



⏳Time Stamps (Podcast)

00:00:00 Intro
00:03:41 Who is Nick Huber?
00:11:00 What is a Cash-Out Refinance?
00:13:26 Growing Up in a Small, Rural Town
00:14:28 Having A Chip on Your Shoulder
00:18:28 Building vs Growing Wealth
00:20:31 Alpha vs Beta In Real Estate
00:21:02 Initial 700k Nest Egg
00:25:03 Initial Investment – Rule Of Thumb
00:27:25 Real Estate Investing On The Side
00:29:24 Nick’s Real Estate Framework
00:33:55 100% Occupancy Isn’t Always Good
00:36:45 Zero Income Tax With Depreciation & 1031 Exchanges
00:44:22 Conservation Easement
00:46:35 Real Estate Professional Status
00:47:52 Capital Gains

Part 2: Behind The Mind

00:48:32 Part 2: Behind The Mind
00:51:02 Is Chasing Your Passions A Bad Idea?
00:55:35 “I Wanted To Call My Mother And Cry In Her Arms”
00:59:20 Giving Up Is Often The Best Choice There Is
01:01:38 Miami & Austin
01:02:48 “Nobody Cares About You Apart from A Handful Of People”
01:05:23 Google Maps Trick – Connecting With Parents
01:07:20 Dad’s Twitter Post Went Viral
01:09:42 Having Kids is Underrated
01:12:29 The Tribe Makes The Place
01:15:04 Virtual Communities
01:19:48 Dealing With Bullying + Racism
01:23:43 The Importance of a Supportive Spouse
01:25:44 Advice For A Successful Relationship
01:28:13 Being An Opportunist
01:31:22 Wrap-Up

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